Fevertree Drinks (LON:FEVR) Shares Pass Above 50 Day Moving Average – Should You Sell?

Fevertree Drinks PLC (LON:FEVR)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 816.09 and traded as high as GBX 917. Fevertree Drinks shares last traded at GBX 897, with a volume of 485,641 shares.

Wall Street Analysts Forecast Growth

FEVR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Fevertree Drinks from GBX 850 to GBX 900 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Jefferies Financial Group raised shares of Fevertree Drinks to a “buy” rating and increased their target price for the company from GBX 900 to GBX 1,100 in a research report on Tuesday, October 14th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 946.67.

Fevertree Drinks Price Performance

The company has a quick ratio of 3.21, a current ratio of 4.11 and a debt-to-equity ratio of 1.50. The stock has a market cap of £1.03 billion, a P/E ratio of 41.78, a price-to-earnings-growth ratio of -4.51 and a beta of 1.07. The business’s 50-day simple moving average is GBX 817.31 and its two-hundred day simple moving average is GBX 856.82.

Fevertree Drinks Company Profile

Fevertree Drinks PLC, together with its subsidiaries, engages in the development and sale of premium mixer drinks in the United Kingdom, the United States, rest of Europe, and internationally. It offers Indian, Mediterranean, summer garden, elderflower, cucumber, damson and sloe berry, rhubarb and raspberry, aromatic, lemon, and Clementine tonic water products; pink grapefruit, soda water, raspberry and orange blossom, Mexican lime, Italian blood orange, white grape and apricot sodas; Silician, premium, and Madagascan cola and lemonades; British apple with garden mint, ginger, Sicilian lemonade, sparkling Mexican lime, Italian white grape and apricot, and light raspberry and rose lemonade softdrinks; and gingers.